Industrial auctioneers Ritchie Bros. announced the completion of a large auction at the company's auction facility in Dubai, United Arab Emirates (UAE), resulting in gross auction sales of over $24 million, according to a company press release.
The three-day auction, conducted on May 27, 28 and 29, attracted over 500 bidders from 35 countries. Bidders from Canada, the US, Europe, the Middle East, Asia, Africa and Australia registered to bid on 1,315 items. Buyers from outside of the UAE purchased over half of the trucks and equipment.
This was the first Ritchie Bros. Dubai auction to offer the rbauctionBid-Live Internet bidding service; it attracted 47 Internet bidders from 19 US states, five Canadian provinces and nine other countries. There are 32 upcoming auctions on Ritchie Bros. auction calendar, including several large multi-day sales and many auctions featuring the rbauctionBid-Live service.
Ritchie Bros. operates through over 90 locations throughout North, Central and South America, Europe, Asia, Australia, Africa and the Middle East. The company sells, through unreserved public auctions, a broad range of used industrial equipment including equipment utilized in the construction, transportation, mining, forestry, petroleum and agricultural industries. Ritchie Bros. is a public company; its common shares trade on the New York Stock Exchange. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
